15 Best Solar Companies in Hopkinton, RI (Mar 2023 Review)

The Cost and Benefits of Solar in Hopkinton

For many readers, the decision of which solar installer to choose comes down to costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• Your income and budget: This determines what type of solar panels you can get.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. Plus, you can save about $21,000 over 20 years on your utility bills, not including incentives.
• Your current electricity bills: Solar panels can greatly lower, or completely get rid of, your utility bills. In Hopkinton, you can save an average of $73 a month.
• Average daily sunlight: Since Hopkinton gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.

So is buying solar panels worth it? Whether you'd like to decrease your electric bills, greenhouse gas emissions or both, solar panels are a great investment for many Hopkinton homeowners.

Solar Incentives in Hopkinton

There are a lot of reasons why adopting solar power is beneficial. One of them includes some government incentives that can save you money. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Hopkinton

There are many reasons to switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. You may be wondering — how much does going solar do for the planet anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. Since solar energy is plentiful and generates electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the environment.